Worth Peripherals Limited has informed the Exchange regarding Board meeting held on Jun 14, 2025 and that it has been approved to provide the inter corporate loan of Rs. 50.00 crore (Rs. Fifty Crores only) in one or more tranches to Worth Wellness Private Limited (Wholly-Owned Subsidiary)
WORTHPERI · price
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Awaiting price reaction for this filing.
Worth Peripherals Limited's board, at a meeting held on June 14, 2025, approved an unsecured inter-corporate loan of Rs. 50 crore to its wholly-owned subsidiary, Worth Wellness Private Limited, to be disbursed in one or more tranches. The loan is intended to help the subsidiary meet its daily business funding requirements and carries interest at RBI yield rates, with a 3-year tenure that may be extended mutually. The transaction qualifies as a related-party transaction since the borrower is a 100% subsidiary, but the company states it is conducted at arm's length. As of the disclosure date, total outstanding amount under this facility is Nil since disbursement is yet to begin.
For shareholders, this means Rs. 50 crore of company funds will be deployed into its wellness subsidiary over time, which could boost that business but also ties up capital with no collateral backing. The market reaction depends on investor confidence in the subsidiary's growth prospects.